An 18-unit multi-family apartment complex is available for purchase. The building comprises 14 two-bedroom units and four one-bedroom units. The property offers several opportunities to add value for a new owner. Rents have been increasing steadily, and there is still ample room for further growth. Six detached garages are available to tenants who require covered parking. Additionally, there is a large vacant lot next to the building that can accommodate another 12 units. The property features a metal roof and newer utilities. A brand-new laundry facility was recently installed, and the lower level has plenty of storage space available for the owner to rent out.
Sold for $985,467 on 10/10/24
$985,467
715 Ridgeview Rd, Monticello, IA 52310
--beds
--baths
7,874sqft
Multi Family, Residential
Built in 1972
-- sqft lot
$1,009,000 Zestimate®
$125/sqft
$817 Estimated rent
Home value
$1,009,000
Estimated sales range
Not available
$817/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 10, 2024 at 04:35pm
Listed by:
Matthew Lepic 319-321-7199,
Lepic-Kroeger, REALTORS,
Nicole Lepic 319-360-4663,
Lepic-Kroeger, REALTORS
Bought with:
Nonmember NONMEMBER
NONMEMBER
Source: Iowa City Area AOR,MLS#: 202401498
Facts & features
Interior
Heating
- Electric, Baseboard
Cooling
- Window Unit(s)
Appliances
- Included: Range Or Oven, Refrigerator, Dryer, Microwave, Washer
- Laundry: Laundry Room, In Basement
Features
- Other
- Flooring: Carpet, Vinyl, Tile, Laminate
- Basement: Finished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 7,874
- Total interior livable area: 7,874 sqft
- Finished area above ground: 7,874
- Finished area below ground: 0
Property
Parking
- Parking features: Detached Carport, Guest, Off Street
- Has carport: Yes
Features
- Exterior features: Balcony
Lot
- Size: 1.30 Acres
- Dimensions: 1.3 Acres
- Features: One To Two Acres
Details
- Parcel number: 0227303021
- Zoning: RES
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Residential
Materials
- Vinyl, Frame
Condition
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks, Street Lights
Location
- Region: Monticello
- Subdivision: uk
HOA & financial
HOA
- Services included: None
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2024 | Sold | $985,467-3.9%$125/sqft |
Source:  Iowa City Area AOR #202401498 | ||
| 8/8/2024 | Pending sale | $1,025,000$130/sqft |
Source:  CRAAR, CDRMLS #2401760 | ||
| 3/17/2024 | Listed for sale | $1,025,000+32.3%$130/sqft |
Source: Iowa City Area AOR #202401498 | ||
| 4/14/2022 | Sold | $775,000$98/sqft |
Source: Iowa City Area AOR #202202169 | ||
| 2/11/2022 | Pending sale | $775,000$98/sqft |
Source: CRAAR, CDRMLS #2200550 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 52310
Nearby schools
GreatSchools rating
- 8/10Monticello Middle SchoolGrades: 5-8Distance: 0.4 mi
- 4/10Monticello High SchoolGrades: 9-12Distance: 0.4 mi
- NAShannon Elementary SchoolGrades: PK-1Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Monticello
- Middle: Monticello
- High: Monticello
Source: Iowa City Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$1,009,000
2% more+ $20,180
With Zillow Showcase(estimated)
$1,029,180